Finvest Is Launching New Proprietary Compliance System

Thu Sep 11, 2008 3:10pm EDT
 
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ZURICH, Switzerland--(Business Wire)--
Finvest Asset Management recently launched its new proprietary
risk and compliance operations management system (RACOM), in a move
which is set to prepare it to accommodate accelerated entry into the
European and offshore markets. Finvest is an asset management firm
that has successfully managed several funds for non-US investors since
2000. The total AUM which it manages offshore exceeds USD 450 million.
Implementation of the RACOM system is targeted to increase the firm's
ability to accelerate market adoption and represents one of the key
initiatives designed to help Finvest meet its strategic goal of market
expansion. Secured allocations from institutional investors are
projected to take it past the USD 500 million mark within the next few
months. The firm's upcoming entry into the structured products market
will also broaden its investment portfolio and accelerate growth.

   Risk management and compliance systems are gaining a significant
level of importance in the financial services sector in an effort to
improve reporting needs for portfolio managers. Implementation of the
new risk and compliance software is an attempt to further that
objective. Other financial services have also recently accelerated
efforts to improve risk and compliance such as Bloomberg and Citadel,
in a forged partnership earlier this year.

   Finvest, currently manages two funds, Finvest Primer and Finvest
Yankee. Finvest Primer, a relative value option strategy fund with a
hedge, maintains a track record of outperforming its peers since 2001.
Finvest Yankee is a multi strategy fund, offering institutional
investors exposure to emerging managers and providing for attractive
risk adjusted returns. Utilizing a proprietary risk reduction model,
the fund implements a strategic hedge to offset volatility and
increase returns. Launched in June 2007, the Finvest Yankee fund has
sustained earlier successful performance and continues to achieve
positive returns in a volatile market. The lower value of the dollar
over the last year, is presenting attractive opportunities for
European investors, and current exchange rates make an investment in
dollar denominated funds rather compelling.

   In a market where smart money is aggressively seeking dynamic fund
managers, Finvest is attracting a significant amount of European
interest. The firm is pro-actively exploring and developing new
strategies in order to retain its competitive edge.

Finvest Asset Management
Harry Rogers, +41442083164

Copyright Business Wire 2008

 

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